$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps

Source:$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps

$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps

Source:$10 Billion in Loans Go 'Back to the Bene' Investor Activity Increases at the Courthouse Steps

WaMu: Mr. Smith goes to Washington and turns predatory

Remember the iconic Depression-era movie “ Mr. Smith Goes to Washington , in which Jimmy Stewart plays the wholesome young man in Washington out to do good? Well, Mr. Smith could just as easily have been your friendly banker at Washington Mutual. Unfortunately, Mr. Smith lost his way and turned predatory lender – and that’s the subject of the second part of a Seattle Times expose on the rise and fall of WaMu. I posted yesterday on part one , which you should definitely read to get a sense of

Source:WaMu: Mr. Smith goes to Washington and turns predatory

Increase In Bank Foreclosure Listings Attract Homebuyers Posted…

Homebuyers increased in number when Lists of Bank Foreclosure rushed forward in some parts around the country. Ms foreclosures, is just one example of such an area (Mississippi). This is credited to several factors: low market values, a federal tax credit given to first-time homebuyers amounting to $8,000 and the lowered interest rates. During the housing boom, the number of people had assertively seek out home levels that are foreclosed to the amount of speculators several years ago. Continu

Source:Increase In Bank Foreclosure Listings Attract Homebuyers Posted…

Chinese Drywall: Wreaking Havoc on American Homeowners

Yet another backlash from the housing boom: With building materials in short supply and consumer demand through the roof, builders purchased cheap Chinese drywall to keep pace with demand : An Associated Press analysis of shipping records found that more than 500 million pounds of Chinese gypsum board was imported between 2004 and 2008 — enough to have built tens of thousands of homes. They are heavily concentrated in the Southeast, especially Florida and areas of Louisiana and Mississippi

Source:Chinese Drywall: Wreaking Havoc on American Homeowners

What are Foreclosures? How to buy foreclosed homes?

23Oct Foreclosures are a way lenders resort to in order to recover the amount outstanding on a defaulter by selling off or by taking control (repossession) of the mortgaged property. Read more here:What are Foreclosures? How to buy foreclosed homes? Filed under: ObjectTags: bitstream-vera, buying-foreclosures, california, foreclosure, general-news, lender, lucida-grande, money, oregon, owner, payment, process, real-estateNo Comments

Source:What are Foreclosures? How to buy foreclosed homes?

Bohemian Bankruptcy – A tragedy by Drag Queen

This is good. H/T Michael Panzner . Share and Enjoy: Readers who viewed this page, also viewed: Guest Post: Did Gordon Gekko inspire Wall Street or the other way around? Michael Panzner: regional banks in trouble Related posts: Michael Panzner: regional banks in trouble TurboTax: targetting ads to Obama’s team problems Darwin: Very gradual change we can believe in The Tribune files for bankruptcy The

Source:Bohemian Bankruptcy – A tragedy by Drag Queen

Fed Splurges on Freddie Gold

Zero Hedge In light of TD’s earlier post regarding Freddie’s loan defaults and some preliminary work we’ve done delving into the primo triple-A rated Agency MBS offerings the Fed has shoved down its pie hole into the bottomless pit that is its balance sheet (the depth of which is bounded only by the fact that DXY cannot go negative—yet), we present the #1 MBS holding by the Fed: Freddie’s “FHLMC PC GOLD 5% 01/39″ (3128M7DJ2) to the tune of $8,880,051.70 (reported at par

Source:Fed Splurges on Freddie Gold

3WC

[3-Word Commentary] Burger King sells a Windows 7 Whopper in Japan: Without apple pie. Rachel Maddow says she “looks like a dude”: Aerosmith song needed. Singer Nena part of a German cult which claims to own a time machine: Balloons not involved. Anti-wi-fi paint developed: Easier than tinfoil. Wisconsin Tourism Federation discovers what “WTF” means, changes name: Too much information. Man sues Bank of America for $1.7 sextillion: Plus damages, yet. Rare

Source:3WC

Real Estate Investing FAQ

So, you’re serious in becoming a real estate investor or you wouldn’t be reading this, right? One of the obstacles you’re sure to ecounter is in gathering quality relevant information. When you are taking into consideration investment advice, you’re going to have to watch out for of who you obtain your information from. There is more than one person who will give you answers to your real estate investing frequently asked questions but not all of them are of the same merit. Don’t be afraid to

Source:Real Estate Investing FAQ

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